Vehicle finance firm Moneybarn has appointed BCA to a three-year remarketing deal that will manage 21,000 vehicles over the three years.
The sales programme at BCA will offer models at various ages and mileages, while regular sales will feature at BCA’s remarketing centres in Leeds, Walsall, Bedford and Kinross.
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Moneybarn will also use BCA’s inspect and collect service to provide a more transparent vehicle handover experience for customers.
“BCA brings the national reach we need to support the continued growth of our operation. With access to services like Inspect and Collect, we can integrate our defleet and remarketing services to drive efficiency,” said Paul Green, remarketing manager at Moneybarn.
Melissa Seckington, major account manager of corporate sales at BCA, added: “Moneybarn is an award-winning finance provider that has built a strong reputation for great customer service. We share this approach and have put in place an integrated remarketing solution that supports Moneybarn’s growth strategy and volume needs.”
Earlier this year Moneybarn revealed a 28.3% increase in profit before tax to £28.1m for the 12 months to 31 December 2018.
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By GlobalDataAccording to the company, the latest results reflect improved credit quality and investment in strengthening the senior management team and increasing resource in customer services and collections. Moneybarn also noted strong growth in new business volumes of 18%, driven by a continued demand for used cars and residual values, while operational enhancements that have improved the service for customers have also contributed to growth.
Malcolm Le May, group chief executive of Provident, said that the company has strengthened its relationship with customers, regulators and stakeholders in 2018. “We aim to build on the considerable momentum within the Group in 2019 and beyond, with a focus on delivering attractive and sustainable returns to our shareholders as we execute on our strategy,” he concluded.
